Baidu shares slide amid speculation after founder misses meeting with Xi

Baidu shares slide amid speculation after founder misses meeting with Xi

FILE PHOTO: Baidu's co-founder and Chief Executive Officer (CEO) Robin Li showcases artificial intelligence-powered chatbot known as Ernie Bot by Baidu, during a news conference at the company's headquarters in Beijing, China March 16, 2023. REUTERS/Tingshu Wang/File Photo

The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.

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